2Seventy Change In Working Capital from 2010 to 2024
| TSVT Stock | USD 4.23 0.13 2.98% |
Change In Working Capital | First Reported 2010-12-31 | Previous Quarter 2.6 M | Current Value 2.7 M | Quarterly Volatility 14.7 M |
Check 2Seventy Bio financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among 2Seventy main balance sheet or income statement drivers, such as Tax Provision of 0.0, Net Interest Income of 10.8 M or Depreciation And Amortization of 13.1 M, as well as many exotic indicators such as Price To Sales Ratio of 1.99, Dividend Yield of 0.0 or PTB Ratio of 0.78. 2Seventy financial statements analysis is a perfect complement when working with 2Seventy Bio Valuation or Volatility modules.
2Seventy | Change In Working Capital |
Latest 2Seventy Bio's Change In Working Capital Growth Pattern
Below is the plot of the Change In Working Capital of 2Seventy Bio over the last few years. It is the difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities. 2Seventy Bio's Change In Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in 2Seventy Bio's overall financial position and show how it may be relating to other accounts over time.
| Change In Working Capital | 10 Years Trend |
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Change In Working Capital |
| Timeline |
2Seventy Change In Working Capital Regression Statistics
| Arithmetic Mean | (2,125,920) | |
| Coefficient Of Variation | (690.46) | |
| Mean Deviation | 8,308,917 | |
| Median | (3,818,000) | |
| Standard Deviation | 14,678,684 | |
| Sample Variance | 215.5T | |
| Range | 71M | |
| R-Value | 0.04 | |
| Mean Square Error | 231.7T | |
| R-Squared | 0 | |
| Significance | 0.89 | |
| Slope | 127,498 | |
| Total Sum of Squares | 3016.5T |
2Seventy Change In Working Capital History
About 2Seventy Bio Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include 2Seventy Bio income statement, its balance sheet, and the statement of cash flows. 2Seventy Bio investors use historical funamental indicators, such as 2Seventy Bio's Change In Working Capital, to determine how well the company is positioned to perform in the future. Although 2Seventy Bio investors may use each financial statement separately, they are all related. The changes in 2Seventy Bio's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on 2Seventy Bio's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on 2Seventy Bio Financial Statements. Understanding these patterns can help to make the right decision on long term investment in 2Seventy Bio. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Change In Working Capital | 2.6 M | 2.7 M |
Pair Trading with 2Seventy Bio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if 2Seventy Bio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in 2Seventy Bio will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to 2Seventy Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 2Seventy Bio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 2Seventy Bio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 2Seventy Bio to buy it.
The correlation of 2Seventy Bio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 2Seventy Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 2Seventy Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for 2Seventy Bio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of 2Seventy Bio Correlation against competitors. For more information on how to buy 2Seventy Stock please use our How to Invest in 2Seventy Bio guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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Is 2Seventy Bio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 2Seventy Bio. If investors know 2Seventy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 2Seventy Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.35) | Revenue Per Share 1.385 | Quarterly Revenue Growth (0.70) | Return On Assets (0.21) | Return On Equity (0.73) |
The market value of 2Seventy Bio is measured differently than its book value, which is the value of 2Seventy that is recorded on the company's balance sheet. Investors also form their own opinion of 2Seventy Bio's value that differs from its market value or its book value, called intrinsic value, which is 2Seventy Bio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 2Seventy Bio's market value can be influenced by many factors that don't directly affect 2Seventy Bio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 2Seventy Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if 2Seventy Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 2Seventy Bio's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.